Hennion & Walsh Asset Management Inc. Has $3.26 Million Holdings in DoorDash, Inc. (NASDAQ:DASH)

Hennion & Walsh Asset Management Inc. trimmed its position in DoorDash, Inc. (NASDAQ:DASH) by 0.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,682 shares of the company’s stock after selling 129 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in DoorDash were worth $3,261,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DASH. Register Financial Advisors LLC bought a new position in DoorDash during the first quarter worth about $169,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of DoorDash by 26.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 10,802 shares of the company’s stock worth $1,488,000 after buying an additional 2,237 shares during the period. Riverview Trust Co acquired a new stake in DoorDash in the 1st quarter valued at $80,000. Ballentine Partners LLC bought a new stake in DoorDash in the first quarter valued at $339,000. Finally, Gunderson Capital Management Inc. acquired a new position in DoorDash during the first quarter worth $3,078,000. 90.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Truist Financial lowered their target price on shares of DoorDash from $155.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Moffett Nathanson raised shares of DoorDash from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $118.00 to $164.00 in a report on Thursday, April 11th. Roth Mkm dropped their target price on shares of DoorDash from $121.00 to $118.00 and set a “neutral” rating for the company in a research note on Thursday, May 2nd. JPMorgan Chase & Co. boosted their target price on shares of DoorDash from $108.00 to $111.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Finally, Piper Sandler raised shares of DoorDash from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $53.00 to $127.00 in a research note on Friday, March 15th. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, DoorDash currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.79.

Insiders Place Their Bets

In other DoorDash news, CEO Tony Xu sold 132,300 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $133.51, for a total value of $17,663,373.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Tony Xu sold 132,300 shares of DoorDash stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $133.51, for a total transaction of $17,663,373.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Shona L. Brown sold 700 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $141.60, for a total value of $99,120.00. Following the completion of the sale, the director now owns 70,111 shares of the company’s stock, valued at $9,927,717.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 478,325 shares of company stock valued at $58,347,361. 7.92% of the stock is currently owned by corporate insiders.

DoorDash Stock Down 1.6 %

Shares of DoorDash stock opened at $108.78 on Friday. DoorDash, Inc. has a 12 month low of $69.90 and a 12 month high of $143.34. The stock’s fifty day simple moving average is $115.60 and its 200 day simple moving average is $117.24.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, May 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.01. The firm had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.45 billion. DoorDash had a negative net margin of 4.61% and a negative return on equity of 6.28%. The company’s revenue was up 23.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.41) EPS. As a group, research analysts anticipate that DoorDash, Inc. will post 0.11 earnings per share for the current year.

DoorDash Company Profile

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.